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2022
Flag → Flag
Exports $314MRnk 77 / 223
2022
Flag → Flag
Top Product $181MIron Ore
2022
Flag → Flag
Exports $497MRnk 5 / 149
2022
Flag → Flag
Top Product $310MAmmonia
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag  
GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
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 GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
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GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
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GDP PC $8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186
2022
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GDP PC$18,222CURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186

About

Brazil-Trinidad and Tobago Trade: In 2022, Brazil exported $314M to Trinidad and Tobago. The main products that Brazil exported to Trinidad and Tobago were Iron Ore ($181M), Glazed Ceramics ($14.9M), and Uncoated Paper ($9.44M). Over the past 5 years the exports of Brazil to Trinidad and Tobago have decreased at an annualized rate of 10.4%, from $545M in 2017 to $314M in 2022.

In 2022, Brazil did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Brazil Trade: In 2022, Trinidad and Tobago exported $497M to Brazil. The main products that Trinidad and Tobago exported to Brazil were Ammonia ($310M), Acyclic Alcohols ($146M), and Petroleum Gas ($33.9M). Over the past 5 years the exports of Trinidad and Tobago to Brazil have increased at an annualized rate of 21.5%,  from $188M in 2017 to $497M in 2022.

In 2022, Trinidad and Tobago did not export any services to Brazil.

Comparison In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36),  and 25 in total exports ($341B). That same year, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Brazil exported $30.4M and imported $42.6M from Trinidad and Tobago, resulting in a negative trade balance of $12.2M. Between August 2023 and August 2024 the exports of Brazil have decreased by $-1.05M (-3.35%) from $31.4M to $30.4M, while imports increased by $15.8M (58.7%) from $26.8M to $42.6M.

Trade In August 2024, the top exports of Brazil to Trinidad and Tobago were Iron Ore ($9.08M), Iron Blocks ($3.09M), Corn ($1.08M), Uncoated Paper ($754k), and Raw Tobacco ($485k). In August 2024 the top imports of Brazil from Trinidad and Tobago were Ammonia ($14.8M), Acyclic Alcohols ($13.7M), Nitrogenous Fertilizers ($13.5M), and Bitumen and asphalt ($91.9k).

Origins In August 2024 the exports of Brazil were mainly from Espírito Santo ($22.5M), Santa Catarina ($2.25M), Rio Grande do Sul ($1.59M), São Paulo ($1.59M), and Pernambuco ($1.03M), while imports destinations were mainly Paraná ($17.9M), São Paulo ($13.4M), Bahia ($4.71M), Minas Gerais ($3.62M), and Rio Grande do Sul ($1.8M).

Growth In August 2024, the decrease in Brazil's year-by-year exports to Trinidad and Tobago was explained primarily by an decrease in product exports in Iron Ore ($-3.42M or -27.3%), Other Prepared Meat ($-912k or -96.6%), and Unglazed Ceramics ($-712k or -79.6%). In August 2024, the increase in Brazil's year-by-year imports  from Trinidad and Tobago was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-1.05M(-3.35%)
IMPORT GROWTH (August 2023 - August 2024)$15.8M(58.7%)
MAIN EXPORTER (August 2024)Espírito Santo$22.5M

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Trinidad and Tobago and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $314M to Trinidad and Tobago. The main products exported from Brazil to Trinidad and Tobago were Iron Ore ($181M), Glazed Ceramics ($14.9M), and Uncoated Paper ($9.44M). During the last 5 years the exports of Brazil to Trinidad and Tobago have decreased at an annualized rate of 10.4%, from $545M in 2017 to $314M in 2022.

In 2017, Trinidad and Tobago exported $497M to Brazil. The main products exported from Trinidad and Tobago to Brazil were Ammonia ($310M), Acyclic Alcohols ($146M), and Petroleum Gas ($33.9M). During the last 5 years the exports of Trinidad and Tobago to Brazil have increased at an annualized rate of 21.5%, from $188M in 2022 to $497M in 2017.

Exports from Brazil (Flag) to Trinidad and Tobago (Flag) (2022)

Exports from Trinidad and Tobago (Flag) to Brazil (Flag) (2022)

Market Competitiveness

Color
Brazil
Top DestinationChina$90.1B
Trinidad and Tobago
Top DestinationUnited States$4.91B

This map shows whether countries import more from Brazil or Trinidad and Tobago. Each country is colored based on the difference in imports they receive from Brazil and Trinidad and Tobago or the difference in the growth in imports.

In 2022, countries that imported more from Brazil than Trinidad and Tobago included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2022, countries that imported more from Trinidad and Tobago than Brazil included Barbados ($132M), Suriname ($115M), and Jamaica ($430M).

Difference in imports from Trinidad and Tobago (Flag) and Brazil (Flag) (2022)

Comparative Advantage Brazil - Trinidad and Tobago

Flow
Scale

This chart compares trade between Brazil and Trinidad and Tobago by product, considering products traded by both, Brazil and Trinidad and Tobago.

During 2022, Brazil had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($184M), Foodstuffs ($26.8M), and Paper Goods ($22.8M).

During 2017, Trinidad and Tobago had a large net trade with Brazil in the exports of Chemical Products ($457M), Mineral Products ($34M), and Stone And Glass ($4.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Trinidad and Tobago+$3.15MRaw Sugar
Top Product Potential Trinidad and Tobago Brazil+$49.6MPetroleum Gas

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Brazil and Trinidad and Tobago. This means that a dot/product with the flag of Brazil indicates it has a comparative advantage over Trinidad and Tobago. Similarly, a dot/product with the flag of Trinidad and Tobago indicates it has a comparative advantage over Brazil.

Product Space of Brazil (Flag) and Trinidad and Tobago (Flag) (2022)

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